Aurvista Gold Closes Final Tranche of Charity Flow-Through Financing
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE
SERVICES
Aurvista Gold Closes Final Tranche of Charity Flow-Through
Financing
Montreal (Quebec): Aurvista Gold Corporation (“Aurvista” or the “ Company”) ( TSX-V: AVA, OTC:
ARVSF; Frankfurt: AV2) is pleased to announce that it has closed the second and final tranche of its Charity
Flow-Through (“CFT”) Unit offering. Aggregate gross p roceeds from the CFT Unit o ffering and the Hard
Dollar (“HD”) Unit offering, total $10,100,000 for both tranches (see first tranche closing press release dated
June 26, 2017). The private placements consisted of a combination of C FT Units at a price of C$ 0.41 per CFT
Unit, and the sale of HD Units at a price of $0.25 per HD Unit. Aggregate proceeds of $6,000,000 were
received from the issuance of 14,634,150 CFT Units under the CFT offering and $4,100,000 from the issuance
of 16,400,000 HD Units under the HD Unit offering.
Each CFT Unit and each HD Unit consist of one common share and one full warrant. Each warrant will entitle
the holder to purchase one additional common share of the Company at an exercise price of C$0.40 per share
until June 27, 2022. It is the Company’s intention to list the Warrants on the TSX Venture Exchange subject to
regulatory approval. All securities are subject to a four -month hold period from the closing date , the hold
period for the second closing CFT Units expiring on November 15, 2017.
The Company is pleased to announce that Insiders of t he Company subscribed for a total of 1,045,000 HD
Units for proceeds of $ 261,250 to the Company. Finder’s fees relating to the two offerings totaled
$186,002.25.
Matthew Hornor, President and CEO of Aurvista stated “ We now have the necessary funds to carry out
significant exploration and drilling in the months ahead with the aim of making new gold discoveries,
connecting existing zones of mineralization and increasing resources at the Douay Gold Project . We will also
continue to make corporate improvements by establishing an expert technical committee and enhanced board
of directors this summer.”
Douay Gold Project and Company Profile:
Aurvista Gold Corporation is a well -funded gold exploration and development company focused on
advancing one of the largest undeveloped gold projects in Quebec. The Company’s district -scale 305 km²
Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone within the prolific
Abitibi Greenstone Belt in northern Quebec. The Project hosts a multi- million ounce gold deposit that
remains open in several directions, with excellent inf rastructure and several large scale operating mines
within 150 km. The Douay Gold Project’s high -grade zones have never been mined , the Project is virtually
royalty-free, and the Company has aggressive property -wide exploration and drilling plans to continue
making new discoveries and building high-quality ounces in one of the best mining jurisdictions in the world.
NEWS RELEASE
For Immediate Issue
July 14, 2017
The Company has 180,015,914 shares outstanding trading on the TSX Venture Exchange in Canada, the
Frankfurt Stock Exchange in Germany and the OTCQB in the US. For more information, please visit the
Company’s website at www.aurvistagold.com.
For Further Information Please Contact:
Mr. Joness Lang
Office: +1 416.682.2674
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS PRESS RELEASE.
Forward Looking Statements:
This news release may contain forward -looking statements based on assumptions, uncertainties and management’s be st estimate of
future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors a re
cautioned that forward -looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on
forward-looking statements. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to
identify forward-looking statements. For a more detailed discussion of such risks and other factors that co uld cause actual results to
differ materially from those expressed or implied by such forward -looking statements, refer to Aurvista Gold Corporation’s filings
with Canadian securities regulators available on www.sedar.com or the Company’s website at www.aurvistagold.com.